Shrewsbury, SY1 3PN | Investment Property for Sale | VES-SY1-002

Opportunity to purchase a terraced house in Shrewsbury generating £7,140 rent pa and a gross yield of 5.5%

£129,950

Terraced House

VES-SY1-002

INITIAL INVESTMENT

£59,378

GROSS RENT / YIELD

£7,140 / 5.5%

NET RENT / YIELD

£5,484 / 4.2%

ADD TO FAVOURITES

Above average yield

Through our expertise and research, we have found that this property is above the average of this location based on data from REalyse, PropertyData and Zoopla

The higher the yield the stronger the return on investment.

The property

TENANCY

Tenanted

TENURE

Freehold

3 bedrooms

1 bathroom

1 reception room

860

Unfurnished

Notes

We are currently awaiting the AST from the landlord and will update the listing when received.

The listings particulars haven't yet been reviewed by the vendor and are therefore not final.

Market Trends

Sales Trends

  • Prices in SY1 have increased 19% over the last 5 years (-1% over the last 12 months) and are £167k which varies by property type (£113k for a 1-bed flat to £292k for a 5-bed detached property). On average, there have been 39 properties sold per month in the area in the last 12 months.

  • In comparison, prices in the wider SY area are £198k (+1% over the last 12 months) and range between £110k for a 1-bed flat to £375k for a 5-bed detached property.

Rental Trends

  • Rents in SY1 are now at £614 per month (+1% over the last 12 month). On average, there have been 33 properties listed for rent per month in the area in the last 12 months.

  • Given prices in the area, gross yield is currently 4.5% which is lower than the national average of 4.7% and higher than the wider SY area of 4.2%.

  • This property is currently achieving a gross yield of 5.7% which 21% higher than the area.

Source: REalyse - 11/04/2019

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

VIEW FINANCIALS WITH

Personalise the financials

Edit our market average financial assumptions to see every property using your financial strategy.

Sign In or Sign Up

 to edit financials 

>

Rental Income

GROSS RENT PER ANNUM

£7,140

Equivalent of £595 per calendar month (PCM).

GROSS RENTAL YIELD

5.5%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£5,484

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.2%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£1,656

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Shrewsbury

Shrewsbury is the county town in Shropshire and lies on the River Severn. The town is located 9 miles east of the Welsh border and around 150 miles north-west of London. The A5 and A49 trunk roads come together as the town’s by-pass, joining the M54 in the east to Birmingham.

Shrewsbury railway station connects the town via five railway lines to most corners of Shropshire and the region, and is known as the "Gateway to Wales". Shrewsbury railway station is served by Transport for Wales Rail and West Midlands Trains with trains running north to Chester, Manchester, Crewe and Wrexham, south to Hereford and Cardiff, west to Aberystwyth, and east to Birmingham via Telford, Shifnal and Wolverhampton. Virgin Trains also runs daily services to and from London Euston via Birmingham New Street and Coventry.

The town centre has a largely unspoilt medieval layout including many narrow passages and over 660 listed buildings. It is also home to Shrewsbury Castle, a red sandstone fortification founded in 1074 and Shrewsbury Abbey, founded in 1083. Other attractions include the Shrewsbury Museum and Art Gallery, Shrewsbury Market Hall and Quarry Park.

Shrewsbury’s most famous resident was Charles Darwin, who was born here and spent 27 years of his life in the town. The annual Darwin Festival taking place in February celebrates the town as the ‘Origin of Independent Thinking’.

Some of the areas established employers, as well as fastest growing businesses are Natural Selection Foods; Guestline Ltd, a hotel software company; Cameron Homes with Galliers; Shrewsbury Town Football Club Ltd. A number of retail complexes and a high number of independent businesses both in and out of the town centre also provide significant employment.

Schools in Shrewsbury include St Winefride’s for children aged 4-11; Shrewsbury High School, one of the UK’s leading independent schools and Shrewsbury Sixth Form College. In 2014 the University Centre Shrewsbury was established offering undergraduate and postgraduate courses.

Gloucester Road,

Shrewsbury,

Shropshire,

England,

SY1 3PN

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Copyright © 2019 Vesta Global Limited. All rights reserved.